AI-powered summaries of the day's top crypto events
THORChain has resumed trading after a five-week suspension following a $10.7 million exploit affecting its Asgard vault. The network has implemented multiple security upgrades and migrated its vault to address the vulnerabilities that led to the exploit.
President Donald Trump has signed executive orders to enhance the United States' quantum computing capabilities and upgrade cryptographic systems by 2031. This initiative aims to maintain American leadership in quantum technology and secure federal computer systems against future threats.
Ripple has secured preliminary approval for a Crypto Asset Service Provider (CASP) license in Luxembourg, positioning itself ahead of the July 1 MiCA deadline. This license will enable Ripple to expand its stablecoin payment systems and broader crypto functions within the European Union.
South Korea's KOSPI stock index plummeted nearly 10%, triggering a market-wide halt, after regulators admitted to rushing the approval of leveraged ETFs tied to major chipmakers. The crash has affected global markets, with Bitcoin falling below $63,000.
The digital euro has taken a significant step forward as EU lawmakers approved a legal framework for its launch by 2029. This initiative aims to reduce dependence on U.S. credit card and stablecoin providers, with provisions for privacy safeguards and holding limits.
The Ethereum Foundation announced a 40% budget reduction and a 20% cut in headcount, following the departure of co-Executive Director Hsiao-Wei Wang. This move is part of a broader organizational reset amid ongoing internal challenges.
Thailand's Department of Special Investigation is investigating a Chinese network allegedly using illegal crypto mining and cash mules to launder over $300 million annually. The probe highlights the increasing scrutiny of crypto-related financial crimes in the region.